new venture setup that is usually at a small level initially

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ENTREPRENEURSHIP
[Type the document subtitle]
8/12/2019
Student name

ENTREPRENEURSHIP 1
Entrepreneurship
The processes through which an individual design, launch, and conduct a new venture setup that
is usually at a small level initially. However, it can be said that an individual perform the new
business setup with his original idea is said to the entrepreneurs. The business activity must be a
new, innovative and original concept that has not been established yet. Entrepreneurship is a
wide aspect, which includes learning. Entrepreneurship comes with positive as well as the dark
side for the entrepreneurs. The report will include critically evaluating a proverb that is you
cannot make an omelet without breaking eggs. The report discussion will include entrepreneurial
treats an attribute that will provide a different perspective and evidence from entrepreneur aspect.
The essay provides various sentiments of entrepreneurship (Baron & Mueller, 2016). Some of
the general characteristics that are observed in an entrepreneur are the vision of an entrepreneur
that lead him or her to reach out to the implementation of the idea. Other than this, creativity is
the major trait that seems to be essential to be a successful entrepreneur. There have been various
entrepreneurs who had turn out to be successful entrepreneurs, portraying a journey from failure
and problems faced in life. For example, Steve Jobs would be considered for the discussion when
it comes to entrepreneurship and success. Some other traits include tolerance of risk, as there is
no way a person is successful without taking higher risk. The persuasiveness, decisiveness,
flexibility, and motivation are other traits that lead to a higher pace of success for an
entrepreneur (Amabile & Rigolizzo, 2015).
The success is not too easy for an entrepreneur, as the evidence suggests that most of the
entrepreneurs fail way before their success. It has been observed that the growth of the economy
has a direct relation with the entrepreneurship development in the nation. The reason being the

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GDP of the nation is influenced by the employability increased by the entrepreneurs by attracting
investing resources and investment in the nation, affecting the wealth of the nation.
entrepreneurship could be the largest attraction by most of the people, as they have seen the level
of success for various entrepreneurs but have not considered or observed the darker side of the
entrepreneurship journey, the way they have reached to this position in the economy. There is no
secret that the fear of failure is huge among the entrepreneurs, the reason being most of the
startups fails in the initial stage only (Coulson-Thomas, 2017). The key statistics of the
entrepreneurship, more than fifty percent of the ideas and startup venture fails within the initial
four years. The reason for the failure is generally the increased competition, as there is a large
competition in every industry today. However, eighteen percent of the startup also fails due to
the cost or pricing issues. Considering the primary source of income to be owned business by
6.02 percent of the people in the US (crowdspring, 2019). It suggests that the people in US are
interested in creativity and gaining money through their owned business or entrepreneurship and
that the location to set up the business is the major decision, which could lead to the success or
failure of the entrepreneur (forbes, 2019).
Entrepreneurs seem to be responsible persons that is they are liable for their own decisions,
achievement oriented, and are not interested in routine or repetitive work, as their traits are more
towards innovation and change. It can be said that the entrepreneur success factor includes not to
fear from the change as the change is essential for the improvement and sustain the business that
has been started up by the individual. The creative entrepreneur consists high energy level and a
high degree of imagination and perseverance that will be integrated together with calculated risk,
that will make them able to transform the elements to the way through the simple aspect in the
initial stage. The evidence also suggested that the purpose is clearly communicated by the

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entrepreneur, as there would be no use if the individual does not convey the idea and convert the
idea into action. However, the darker side also suggested that the individuals might have quirky
personalities that will make them the people, with whom working is not so easy. For instance,
the action taken by the entrepreneur is generally biased towards the action taken by him or his
personal opinion, the reason being they are generally into the entrepreneurship because they were
not the employees who can take orders from the higher authority (Miao et al., 2017). They could
be stubborn when it comes to the decision making, as it has been observed through their traits
that they believe in themselves rather than any other which would also lead to them being
autocratic leadership, as the C EO of amazon that is Jeff Bezos. Other than this, the traits that
could suggest the darker side of the entrepreneur is the need for control, desire for applause, a
sense of distrust. The evidence suggests that the sense of distrust is one of the major trait found
in most of the entrepreneurs which includes the distrust for the people across the globe or in the
near environment of the entrepreneurs, they are generally in fear of becoming the victim in the
society (researchgate, 2019).
According to the cases, one of the successful entrepreneurship of his time is Steve jobs, which
was known for the Apple founder and CEO. However, he was not directly at the successful
position, jobs have faced various ups and downs in the entrepreneur journey. Through which the
proverb that you cannot make an omelet without breaking eggs can be justified. The business
people have always considered Steve jobs as a role model and has attempted to study the traits
and action that can be taken for being successful as Steve. The vision of the jobs for computer,
knowledge, and innovative ideas has led to its success. Steve use to have the interest ion gadgets
and electronic since a small age. After Steve was graduated from high school, he dropped for the
semester and entered into the part time job of job designing video games (cbsnews, 2019).

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Considering the case of Steve Jobs, it has been identified that instant success needs a large
amount of hard work and years of hard work. Steve Jobs has also please will you spend years in
order to be successful one-day. Most importantly he was able to dent on loan through his failures
and move forward sustainability in order to meet him and beatable. It was very difficult for Steve
Jobs to make people understand and make a habit of using an iPhone in the very first place
(Koryak, 2015). Steve Jobs was one of the personalities who were hard to work with the reason
being the force unable to portray the failure of the four spaces or when it comes to accepting the
mistake Steve Jobs was the personality was not very good in it. One of the major mistakes done
by Steve Jobs was Antennagate (Okpara, 2017). However, being a good leader Steve jobs stands
up there and considers the chandelles ahead, for which he admitted the mistake at that time,
which was contrary to the personality he used to possess. The headline that Steve provided to the
media was that they are not perfect and so do their phones. He accepted the issue that has been
identified in the model, which turns out to be affecting some users work and was not affecting
the exclusive iPhone consumers. It was observed that other manufacturers of the phones were
having the same issue, but instead of making it an excuse to be safer side, he offered to search
and implement the solution for the same. There were other mistakes and failures faced by Steve
jobs that included apple III computer within the company. Being the entrepreneur, he was the
one bringing innovation, and major changes in the business (cultofmac, 2019). However, it is not
always possible that the invention turns out to be a success; the fear of failure is always
connected to the product developed in entrepreneurship. There were various misstates identified
in apply iii like motherboard got hotter very quickly, as the innovation through the Steve was due
to the thinking to avoid the noise from the fan in the computers; because of the innovation it
outcomes into the overhaul designing. Through the case, it can be said that there is no success in

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entrepreneurship without facing the failure or going through the mistakes again and again and
learn from the mistakes. This suggested that you could not make an omelet without breaking
eggs (entrepreneur, 2019).
The key lessons from the ideological nature of the entrepreneur include keeping the mistakes into
the kitchen. This is one of the lessons which can be understood through the Steve jobs case and
mistakes as the way he manages the mistake conducted within Apple corporation was not an
easy task. Through this, it suggested that at a time when an entrepreneur is innovating the
mistakes are the common conduct to happen, the best way out is to admit the mistake as early as
possible in order to understand the issue faced and trying out to find the solution for the same.
Steve Jobs is one of the celebrities that have turned his failure into the success story (Hafenbrack
et al., 2017). The dropped out of college is one of the masterminds behind Apple Corporation
that has made it the largest technology enterprises across the globe. Some of the
recommendations for the entrepreneurs to be successful included considering the responsibility
and following their passion. Talking to their clients could be helpful to understand the need of
the products and services offered by the entrepreneurs, as they are the one who could lead to the
innovative idea to the business (Nyberg et al., 2016). For instance, in the case of Jeff Bezos, who
considered design thinking as the approach and have to understand the needs of the customer to
offer the goods with excellence. He has initiated business at a lower level that is an online
bookstore, which successfully turned out to be the largest online store across the globe (hbr,
2019).
From essay discussion, it can be concluded that the processes through which an individual
design, launch, and conduct a new venture setup that is usually at a small level initially. It
includes a proverb that is you cannot make an omelet without breaking eggs. Entrepreneurship

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comes with positive as well as the dark side for the entrepreneurs. The success is not too easy for
an entrepreneur, as the evidence suggests that most of the entrepreneurs fail way before their
success. The creative entrepreneur consists of high energy level and a high degree of
imagination and perseverance. However, the darker side also suggested that the individuals
might have quirky personalities that will make them the people, with whom working is not so
easy. They could be stubborn when it comes to decision making, as it has been observed through
their traits that they believe in themselves rather than any other. Considering the case of Steve
Jobs, it has been identified that instant success needs a large amount of hard work and years of
hard work. One of the major mistakes done by Steve Jobs was Antennagate. The key lessons
from the ideological nature of the entrepreneur include keeping the mistakes into the kitchen.
The dropped out of college is one of the masterminds behind Apple Corporation that has made it
the largest technology enterprises across the globe.

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References
Amabile, T. & Rigolizzo, M., 2015. Entrepreneurial creativity: The role of learning processes
and work environment supports. The Oxford handbook of creativity, innovation, and
entrepreneurship, p.61.
Baron, R.A. & Mueller, B.A., 2016. Self-efficacy and entrepreneurs' adoption of unattainable
goals: The restraining effects of self-control. Journal of Business Venturing, 31(1), p.55.
cbsnews, 2019. celebs-who-went-from-failures-to-success-stories. [Online] Available at:
https://www.cbsnews.com/pictures/celebs-who-went-from-failures-to-success-stories/14/.
Coulson-Thomas, C., 2017. Stimulating creativity, enabling innovation and supporting
entrepreneurship. Management Services, 2017(Summer), p.26.
crowdspring, 2019. entrepreneur-statistics. [Online] Available at:
https://www.crowdspring.com/blog/entrepreneur-statistics/.
cultofmac, 2019. steve-jobs-declared-the-greatest-entrepreneur-of-our-time. [Online] Available
at: https://www.cultofmac.com/156091/steve-jobs-declared-the-greatest-entrepreneur-of-our-
time/.
entrepreneur, 2019. 4 Things Steve Jobs Taught Me About Succeeding as an Entrepreneur.
[Online] Available at: https://www.entrepreneur.com/article/243078.
forbes, 2019. the-dark-side-of-entrepreneurship-what-every-coach-should-know-about-failure.
[Online] Available at: https://www.forbes.com/sites/forbescoachescouncil/2018/08/10/the-dark-
side-of-entrepreneurship-what-every-coach-should-know-about-failure/#64810eb040de.

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Hafenbrack, A.C., Lu, J.G. & Wang, D.J., 2017. “Going out” of the box: Close intercultural
friendships and romantic relationships spark creativity, workplace innovation, and
entrepreneurship. Journal of Applied Psychology, p.1091.
hbr, 2019. the-dark-side-of-entrepreneurship. [Online] Available at: https://hbr.org/1985/11/the-
dark-side-of-entrepreneurship.
Koryak, O., 2015. Entrepreneurial leadership, capabilities and firm growth. International Small
Business Journal, 33(1), pp.89-105.
Miao, Q., Eva, N. & Newman, A., 2017. CEO entrepreneurial leadership and performance
outcomes of top management teams in entrepreneurial ventures: The mediating effects of
psychological safety. Journal of Small Business Management.
Nyberg, T., Dentchev, N. & Van Hoof, B., 2016. Embracing the variety of sustainable business
models: social entrepreneurship, corporate intrapreneurship, creativity, innovation, and other
approaches to sustainability challenges. Journal of Cleaner Production, p.1.
Okpara, F.O., 2017. The value of creativity and innovation in entrepreneurship. Journal of Asia
Entrepreneurship and sustainability, p.1.
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https://www.researchgate.net/publication/23756176_You_Can't_Make_an_Omelette_Without_B
reaking_Eggs_The_Impact_of_Venture_Capitalists_on_Executive_Turnover.

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